Harmony Forestville

Building type/sector: Long Term Development Site

Investor return:
9.75% per annum

Harmony-Forestville-case-study

4 Leah Street, Forestville is a well located 7,700 sqm inner suburban site approximately 2.5 kms south of the Adelaide CBD.  The property is currently zoned for low density residential redevelopment, with potential for greater density as a consequence of greater density rezoning in the area.

 

The site benefits from three street frontages, including a wide frontage to Leader Street and is largely improved with a single level manufacturing facility and utilised as a bakery, being fully leased to Quality Bakers Australia Pty Ltd which is a subsidiary company of Goodman Fielder, an ASX listed company.

4 Leah Street, Forestville, SA

Building/Sector Type: Long term development site

Acquisition Date: September 2008
Purchase Price: $4.468 million